Raymond George, CRPC®
Managing Director, Wealth Management, Financial Advisor, Senior Portfolio Management Director, Workplace Advisor - Equity Compensation
Phone:
(516) 683-3282(516) 683-3282
Industry Award WinnerOur Mission Statement
Trusted. Transparent. Tailored.
Meet The George Group
The George Group at Morgan Stanley is a family team with the ability to bring a distinct perspective to the complicated, multigenerational challenges of managing significant wealth. They understand the complex nature of working alongside your children, siblings, and parents, and how these roles may evolve over time. When they speak to their clients about wealth transfer, family business succession and other issues that are essential in the legacy planning process, they understand how important it is to you.
The founder of The George Group, Ray George has over 30 years of experience in the financial services industry. He has been named to the Forbes Best-In-State Wealth Advisors Ranking from 2019 - 2025. The George Group has been named to the Forbes Best-In-State Wealth Management Teams from 2022 - 2026 and utilizes their years of experience as well as the vast global resources of Morgan Stanley, to provide customized and comprehensive solutions to meet your wealth management needs.
Awards:
Forbes Best-In-State Wealth Advisors 2026
Forbes Best-In-State Wealth Management Teams 2026
Forbes Best-In-State Wealth Advisors 2025
Forbes Best-In-State Wealth Management Teams 2025
Forbes Best-In-State Wealth Advisors 2024
Forbes Best-In-State Wealth Management Teams 2024
Forbes Best-In-State Wealth Advisors 2023
Forbes Best-In-State Wealth Management Teams 2023
Forbes Best-In-State Wealth Advisors 2022
Forbes Best-In-State Wealth Management Teams 2022
Forbes Best-In-State Wealth Advisors 2021
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
The founder of The George Group, Ray George has over 30 years of experience in the financial services industry. He has been named to the Forbes Best-In-State Wealth Advisors Ranking from 2019 - 2025. The George Group has been named to the Forbes Best-In-State Wealth Management Teams from 2022 - 2026 and utilizes their years of experience as well as the vast global resources of Morgan Stanley, to provide customized and comprehensive solutions to meet your wealth management needs.
Awards:
Forbes Best-In-State Wealth Advisors 2026
Forbes Best-In-State Wealth Management Teams 2026
Forbes Best-In-State Wealth Advisors 2025
Forbes Best-In-State Wealth Management Teams 2025
Forbes Best-In-State Wealth Advisors 2024
Forbes Best-In-State Wealth Management Teams 2024
Forbes Best-In-State Wealth Advisors 2023
Forbes Best-In-State Wealth Management Teams 2023
Forbes Best-In-State Wealth Advisors 2022
Forbes Best-In-State Wealth Management Teams 2022
Forbes Best-In-State Wealth Advisors 2021
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Services Include
- Trust AccountsFootnote1
- UGMA/UTMAFootnote2
- Wealth Consulting
- Municipal BondsFootnote3
- Planning for Education FundingFootnote4
- 401(k) Rollovers
- 529 PlansFootnote5
- Retirement PlanningFootnote6
- Wealth PlanningFootnote7
- Business PlanningFootnote8
- Sustainable InvestingFootnote9
- Financial PlanningFootnote10
- Defined Contribution PlansFootnote11
- Asset Management
- Professional Portfolio ManagementFootnote12
- Philanthropic ManagementFootnote13
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Working With You
With greater wealth comes greater complexity. Our team is specifically designed to support successful individuals who have accumulated a significant amount of wealth. Our typical client needs more sophisticated solutions, security, and first-class service.
Our approach to client service is simple – we put you at the center of everything we do. We recognize that getting to know you is essential to success, so we are focused on active listening and collaboration. The more we know about you, the better we understand your needs and what you want to accomplish by working with us.
Leveraging a sophisticated suite of analytical tools, as well as decades of industry experience, our team can help you take charge of your financial future and achieve your goals.
Our approach to client service is simple – we put you at the center of everything we do. We recognize that getting to know you is essential to success, so we are focused on active listening and collaboration. The more we know about you, the better we understand your needs and what you want to accomplish by working with us.
Leveraging a sophisticated suite of analytical tools, as well as decades of industry experience, our team can help you take charge of your financial future and achieve your goals.
Step 1: Introductions
We begin with an informal conversation. This is your opportunity to learn about us, as we get to know you. We’ll then schedule a more in-depth discussion in your home or our offices – whichever you prefer – and ask you to bring important financial documents.
Step 2: Discovery
We continue the dialogue by fostering an in-depth conversation where we learn about the values that shape your decisions, review the information you’ve prepared and define your priorities.
Step 3: Analysis
Next, we review your current and future financial situation, identify any potential shortfalls and discuss the impact of unexpected life events. In this step, we may also reach out to your CPA and estate attorney to understand any existing strategies, so we can coordinate our efforts into one cohesive plan.
Step 4: Plan Development
Here, we prepare a comprehensive financial plan that addresses your specific needs and goals. We utilize a number of financial planning tools to develop your plan, which will include investment recommendations, as well as appropriate wealth management strategies to consider.
Step 5: Presentation and Implementation
In this step, we present your plan and explain why we recommend each strategy. Once approved by you, we begin to implement the strategies. We believe in full transparency and will keep you involved each step of the way.
Step 6: Ongoing Service
We oversee your progress and regularly review the performance of your plan through ongoing calls and meetings. We may recommend adjustments over time, due to changing market conditions or changes in your personal circumstances, to help keep you on track towards achieving your goals.
WE ARE COMMITTED TO SUSTAINABILITY, INVESTING FOR THE GOOD OF HUMANITY AND THE FUTURE OF THE EARTH. WE'VE WALKED IN YOUR SHOES. WE TAKE THE WEIGHT FROM YOUR SHOULDERS
1. We are a family-based team, and we are committed to investing for the good of humanity and the future of the earth. We believe smart investing that reflects the goals and values of the client is the best way to help build wealth.
2. Our team has over a hundred years of experience with their financial needs. We understand the nuances of your career arc and financial situation. Our team thrives on a unique perspective on balancing work, family and finances.
3. We take the weight from your shoulders. We help you prioritize your financial action items to relieve you of the mental burden. We protect your time by leveraging modern digital tools to streamline your experience and make monitoring your money easy.
4. Our team is easily accessible. if you are ready to develop a purposeful wealth plan which defines your money values, clarifies goals, and builds a roadmap forward, please contact our team today!
Designations & Awards
Forbes Best-In-State Wealth Management Teams
Each year, Forbes Magazine releases a list of hand-selected and ranked advisors. In order to make this list, advisors must be nominated by their firm, researched, interviewed, and assigned a rank by Forbes. Ray George had made the list of Best-In-State Wealth Advisors for the State of New York for 2022 - 2026.
2022, 2023, 2024, 2025, 2026 Forbes Best-In- State Wealth Advisors
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2022, 2023, 2024, 2025, 2026 Forbes Best-In- State Wealth Advisors
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Best-In-State Wealth Advisor
Each year, Forbes Magazine releases a list of hand-selected and ranked advisors. In order to make this list, advisors must be nominated by their firm, researched, interviewed, and assigned a rank by SHOOK Research. Ray George had made the list of Best-In-State Wealth Advisors for the State of New York for 2019 - 2026.
2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 Forbes Best-In-State Wealth Advisors
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 Forbes Best-In-State Wealth Advisors
Source: Forbes.com Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
CRPC®-Chartered Retirement Planning Counselor™
The Chartered Retirement Planning Counselor™ designation is awarded to candidates who have demonstrated expertise in retirement planning. CRPC® professionals must accrue several years of experience related to retirement planning and pass a comprehensive exam before earning this designation.
Financial Planning Specialist
The Financial Planning Specialist designation identifies those who have met the experience and ethical requirements, have successfully completed financial planning coursework and have passed the Financial Planning Specialist examination designed to provide Financial Advisors with the expertise necessary to address the wide range of financial issues confronting high net worth individuals, as well as individuals who are aggressively seeking to increase their wealth.
Workplace Advisor- Equity Compensation
A Workplace Advisor for Equity Compensation has experience in equity award optimization and can help you define a strategy that aligns with both your current needs and future financial goals.
President's Club
Ray George has been a member of the firm's prestigious President's Club for the past seven years.
The President's Club is made-up of some of the firm's most successful financial advisors.
The President's Club is made-up of some of the firm's most successful financial advisors.
Pacesetter's Club
Cody George has been a member of the firm's prestigious Pacesetter's Club for the years of 2022, 2023, 2024, 2025 and 2026.
Taylor George has been a member of the firm's prestigious Pacesetter's Club for the years of 2023, 2024, 2025 and 2026.
The Pacesetter's Club is a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first class client service.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
Taylor George has been a member of the firm's prestigious Pacesetter's Club for the years of 2023, 2024, 2025 and 2026.
The Pacesetter's Club is a global recognition program for Financial Advisors who, early in their career, have demonstrated the highest professional standards and first class client service.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
CDFA®- Certified Divorce Financial Analyst™
Certified Divorce Financial Analysts™ go through a rigorous process to earn this designation. CDFAs® are required to have several years of relevant experience and pass an exam designed by the Institute for Divorce Financial Analysts (IDFA) in order to receive this designation.
CDFAs® helps couples and their attorneys achieve equitable divorce settlements using knowledge of tax law, asset distribution, and short- and long-term financial planning.
CDFAs® helps couples and their attorneys achieve equitable divorce settlements using knowledge of tax law, asset distribution, and short- and long-term financial planning.
AWARD-WINNING WEALTH MANAGEMENT. FOCUSED ON YOU.
With the guidance of a Morgan Stanley Financial Advisor and the strength of a five-time award-winning wealth management platform<sup> <a href="#wm-disclosure-1" class="Link--underline"> <span class="sr-only">Footnote</span> 1 </a> </sup>, you can build, preserve, and manage your wealth with precision and purpose. For every stage of your financial journey.
Tax-Smart Solutions
Leading tax optimization capabilities\<sup\> \<a href="#wm\-disclosure\-2" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 2 \</a\> \</sup\> designed to deliver year\-round tax management with an eye toward reducing taxes and boosting after\-tax returns.
Seamless Cash Management Integration
A comprehensive, coordinated strategy with access to competitive yields, flexible financing options, and exclusive cash management resources.
Premier Risk Management and Cyber Defense
Industry\-acclaimed risk management tools\<sup\> \<a href="#wm\-disclosure\-3" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 3 \</a\> \</sup\> to help drive smarter portfolio decisions. In\-house team of cybersecurity experts dedicated to help protect you from cyber threats.
Personalized Legacy Planning
Guidance from experienced professionals across estate, trust, philanthropy, and financial planning to help preserve and grow your legacy.
An Industry-Leading Platform
Expert insights from 500+ equity analysts to help unlock your portfolio's potential and investment guidance.
Liquidity When You Need It
Industry\-leading securities\-based lending solutions to help access liquidity without selling assets or disrupting your investment strategy.\<sup\> \<a href="#wm\-disclosure\-4" class="Link\-\-underline"\> \<span class="sr\-only"\>Footnote\</span\> 4 \</a\> \</sup\>
Robust Concentrated Stock Solutions
Powerful tools and strategies to help manage concentrated stock positions and look to optimize portfolio outcomes.
Alternatives & Private Markets Access
A comprehensive alternative investments platform offering tailored solutions, early access to select offerings, and competitive pricing structures. Exclusive private market and pre\-IPO opportunities that were previously reserved for institutions.
Location
1200 Franklin Avenue 2nd
Fl
Garden City, NY 11530
US
Direct:
(516) 683-3282(516) 683-3282
Meet The George Group
Cody George, CDFA®
Vice President, Wealth Management, Financial Advisor, Workplace Advisor – Equity Compensation, Financial Planning Specialist, Senior Portfolio Manager
Phone:
(516) 683-3121(516) 683-3121
Taylor Goepfert
Vice President, Financial Advisor, Financial Planning Specialist, Workplace Advisor - Equity Compensation
Phone:
(516) 683-3161(516) 683-3161
Phone:
(516) 683-3110(516) 683-3110
Madison George
Financial Advisor
Phone:
(516) 683-3138(516) 683-3138
Lauren George
Financial Advisor
Phone:
(516) 683-3133(516) 683-3133
Paige Doukas
Registered Client Service Associate
Phone:
(516) 683-3154(516) 683-3154
Dylan Goldstein
Registered Client Service Associate
Phone:
(516) 683-3243(516) 683-3243
About Raymond George
Raymond L. George III is a Managing Director, Portfolio Management Director, Financial Advisor and founder of The George Group at Morgan Stanley Wealth Management. A seasoned professional with more than 25 years of financial services experience, Ray has dedicated his entire career to helping his clients achieve their financial goals. His approach focuses on a comprehensive wealth management plan and a commitment to providing outstanding service and advice.
Prior to becoming a member of the Morgan Stanley family in 2014, Ray worked as a Financial Advisor at Merrill Lynch for 24 years. Raymond graduated from St. Thomas University in St. Paul, Minnesota in 1990 with a B.S. degree in Business. He earned the prestigious designation of Chartered Retirement Planning CounselorTM (CRPC®) from the College for Financial Planning in 2013. Over the course of his career, he has received numerous distinctions and professional accolades. Most recently, Ray was honored with the Five Star New York City Wealth Manager award by New York magazine in 2014, 2015 and 2016. Ray has also been named to the Forbes Best In State Wealth Advisors list from 2019-2024.
A native of St. Paul, Minnesota, Ray has been calling Long Island his home for the past 15 years. He resides in Garden City with his wife, Cynthia. They have four adult children, Cody, Taylor, Lauren, and Madison. Two of his children, Cody and Taylor, are also his business partners both advising for The George Group. Ray sits on the board of the Eastern Long Island Hospital Association (ELIH) and is a member of The Men’s Association (TMA), Cherry Valley Club, and North Fork Country Club. When he’s not helping clients or actively volunteering, you can find him spending quality time with friends and family. His favorite activities include boating and supporting his children in their various activities.
2019, 2020, 2021, 2022, 2023, 2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023, 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2014, 2015, 2016 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2014, 2015, 2016) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
Prior to becoming a member of the Morgan Stanley family in 2014, Ray worked as a Financial Advisor at Merrill Lynch for 24 years. Raymond graduated from St. Thomas University in St. Paul, Minnesota in 1990 with a B.S. degree in Business. He earned the prestigious designation of Chartered Retirement Planning CounselorTM (CRPC®) from the College for Financial Planning in 2013. Over the course of his career, he has received numerous distinctions and professional accolades. Most recently, Ray was honored with the Five Star New York City Wealth Manager award by New York magazine in 2014, 2015 and 2016. Ray has also been named to the Forbes Best In State Wealth Advisors list from 2019-2024.
A native of St. Paul, Minnesota, Ray has been calling Long Island his home for the past 15 years. He resides in Garden City with his wife, Cynthia. They have four adult children, Cody, Taylor, Lauren, and Madison. Two of his children, Cody and Taylor, are also his business partners both advising for The George Group. Ray sits on the board of the Eastern Long Island Hospital Association (ELIH) and is a member of The Men’s Association (TMA), Cherry Valley Club, and North Fork Country Club. When he’s not helping clients or actively volunteering, you can find him spending quality time with friends and family. His favorite activities include boating and supporting his children in their various activities.
2019, 2020, 2021, 2022, 2023, 2024 Forbes Best-In- State Wealth Advisors
Source: Forbes.com (Awarded 2019, 2020, 2021, 2022, 2023, 2024). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
2014, 2015, 2016 Five Star Wealth Manager Award
Source: fivestarprofessional.com (Awarded 2014, 2015, 2016) The award was determined based on an evaluation process conducted by Five-Star Professional based on objective criteria. The award was not based on a specific time period.
Securities Agent: ME, CO, IN, NV, MN, CA, OR, NJ, CT, AZ, PA, NY, IL, HI, GA, WA, SC, MA, DE, VA, TX, TN, OH, MI, FL, WI, RI, MS, IA, AR, NC, MD, DC, VT, SD; General Securities Representative; Investment Advisor Representative
NMLS#: 578197
NMLS#: 578197
About Cody George
As a Financial Advisor with the George Group, Cody can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together, The George Group can help you preserve and grow your wealth. You will have access to some of the worlds most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
After Graduating from Garden City High School, Cody went on to attend Dartmouth College, where he studied Political Science and Government. While playing Division 1 Lacrosse at Dartmouth, Cody developed a strong work ethic, sense of determination, and value of team work. Upon graduation in 2018, he joined the George Group at Morgan Stanley and obtained the Series 7, 63, and 65 licenses as well as The New York State Life, Accident and Health Insurance license. Cody is also a Certified Divorce Financial Analyst® professional. He can provide in-depth financial analysis and advice to attorneys and couples relating to divorce. Cody is a proud member of Morgan Stanley's Pacesetter's club, a group of some of the firms most successful Financial Advisors.
Born in Minnesota and raised on Long Island, Cody currently lives in Long Beach with his wife Molly and dog Goose. He is an active alumnus of Dartmouth College as well as a member of The Cherry Valley Club in Garden City. When Cody is not assisting clients or volunteering in his community, he enjoys water sports, boating, golfing, and snowboarding.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
After Graduating from Garden City High School, Cody went on to attend Dartmouth College, where he studied Political Science and Government. While playing Division 1 Lacrosse at Dartmouth, Cody developed a strong work ethic, sense of determination, and value of team work. Upon graduation in 2018, he joined the George Group at Morgan Stanley and obtained the Series 7, 63, and 65 licenses as well as The New York State Life, Accident and Health Insurance license. Cody is also a Certified Divorce Financial Analyst® professional. He can provide in-depth financial analysis and advice to attorneys and couples relating to divorce. Cody is a proud member of Morgan Stanley's Pacesetter's club, a group of some of the firms most successful Financial Advisors.
Born in Minnesota and raised on Long Island, Cody currently lives in Long Beach with his wife Molly and dog Goose. He is an active alumnus of Dartmouth College as well as a member of The Cherry Valley Club in Garden City. When Cody is not assisting clients or volunteering in his community, he enjoys water sports, boating, golfing, and snowboarding.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
Securities Agent: SD, SC, NY, NJ, HI, VT, RI, MS, AZ, WI, TN, PA, OR, MI, MA, CO, VA, DE, MN, MD, GA, ME, IL, IA, FL, TX, NC, DC, IN, OH, NV, CT, CA, AR, WA; General Securities Representative; Investment Advisor Representative
NMLS#: 1857672
NMLS#: 1857672
About Taylor Goepfert
Raised on Long Island, Taylor graduated from Fairfield University’s Dolan School of Business with a bachelor’s in marketing. She joined Morgan Stanley as a Client Service Associate before transitioning to Financial Advising with The George Group. Her experience as a Client Service Associate has helped her to understand the unique needs of each client and in the process of helping clients, she has built strong and meaningful relationships.
As a Financial Advisor, Taylor’s main goal is to assist clients with creating plans to help them meet their individual needs. Since joining the firm, she has obtained the Series 7, 66, 63 licenses as well as The New York State Accident, Life and Health Insurance license. Taylor is a proud member of Morgan Stanley's Pacesetter's club, a group of some of the firms most successful Financial Advisors.
Taylor currently lives in Mineola with her husband Brian. When Taylor is not assisting clients, she enjoys going to the beach, hanging out with family and friends and baking.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
As a Financial Advisor, Taylor’s main goal is to assist clients with creating plans to help them meet their individual needs. Since joining the firm, she has obtained the Series 7, 66, 63 licenses as well as The New York State Accident, Life and Health Insurance license. Taylor is a proud member of Morgan Stanley's Pacesetter's club, a group of some of the firms most successful Financial Advisors.
Taylor currently lives in Mineola with her husband Brian. When Taylor is not assisting clients, she enjoys going to the beach, hanging out with family and friends and baking.
Morgan Stanley Wealth Management Pacesetters Club members must meet a number of criteria including performance, conduct and compliance standards, revenue, length of experience and assets under supervision. Pacesetter's Club is no guarantee of future performance.
Securities Agent: NY, DE, IN, NV, IL, WI, HI, DC, TX, OR, MD, CA, OH, NJ, MA, CT, RI, CO, VT, TN, PA, MI, ME, AR, SC, NC, IA, GA, AZ, WA, VA, SD, MS, FL, MN; General Securities Representative; Investment Advisor Representative
NMLS#: 2069358
NMLS#: 2069358
About David Lazaros
Securities Agent: CT, SC, MN, GA, PA, NJ, IL, MA, CA, AZ, NY, LA, DE, WI, NC, CO, VT, MO, MD, FL, VA, TX, MI, WA, RI, OR, OH; General Securities Representative; Investment Advisor Representative
NMLS#: 1773581
NMLS#: 1773581
About Madison George
Madison began her career at Morgan Stanley as a Financial Planning Virtual Engagement Associate (VEA), where she developed a strong foundation in financial planning and client service. Her dedication and expertise led her to transition into a Financial Advisor role with The George Group. Madison understands the unique needs of each client and is adept at developing comprehensive plans that are specifically tailored to meet their individual financial goals. She is passionate about building strong client relationships and delivering exceptional service, ensuring that each client feels valued and supported throughout their financial journey.
Madison graduated from Fairfield University's Dolan School of Business with a bachelor's in Marketing and received the Financial Planning Specialist® designation from the College for Financial Planning. Madison grew up in Garden City, NY and currently resides in Battery Park City, NY. In her free time she enjoys spending time with her family and friends.
Madison graduated from Fairfield University's Dolan School of Business with a bachelor's in Marketing and received the Financial Planning Specialist® designation from the College for Financial Planning. Madison grew up in Garden City, NY and currently resides in Battery Park City, NY. In her free time she enjoys spending time with her family and friends.
Securities Agent: CA, VA, SC, VT, OR, IL, IA, FL, WI, MN, SD, IN, HI, CO, AR, NV, NJ, MD, WA, TN, MA, TX, NC, RI, PA, MI, ME, OH, NY, MS, GA, DE, CT, AZ, DC; General Securities Representative; Investment Advisor Representative
NMLS#: 2805419
NMLS#: 2805419
About Lauren George
Lauren joined Morgan Stanley as a Financial Planning VEA (Virtual Engagement Associate) in June 2023 before transitioning to Financial Advising with The George Group. Her experience as a Financial Planning VEA has helped her understand the unique needs of each client to create comprehensive financial plans allowing for clients to achieve their financial goals. As a member of The George Group, she is passionate about building strong client relationships and delivering exceptional service tailored to each client’s needs.
Lauren graduated from Fairfield University's Dolan School of Business with a bachelor's in Marketing and received the Financial Planning Specialist® designation from the College for Financial Planning. Lauren is originally from Garden City and currently resides in Battery Park City, New York. In her free time, she enjoys hanging out with family and friends, traveling, and going to the beach.
Lauren graduated from Fairfield University's Dolan School of Business with a bachelor's in Marketing and received the Financial Planning Specialist® designation from the College for Financial Planning. Lauren is originally from Garden City and currently resides in Battery Park City, New York. In her free time, she enjoys hanging out with family and friends, traveling, and going to the beach.
Securities Agent: MI, CO, TX, SC, NY, ME, NV, HI, AR, IA, CA, DE, TN, RI, NJ, MS, FL, AZ, WI, WA, SD, OR, IN, DC, VA, OH, NC, IL, GA, CT, VT, PA, MN, MD, MA; General Securities Representative; Investment Advisor Representative
NMLS#: 2805420
NMLS#: 2805420
About Paige Doukas
Paige Doukas joined Morgan Stanley as a Client Service Associate in February 2025. As a member of The George Group, she is passionate about building strong client relationships and delivering exceptional service tailored to each client’s needs.
Paige earned her bachelor’s degree from the University of South Carolina in 2024, where she completed a double major in Management and Marketing at the Darla Moore School of Business. Her academic background, combined with a strong commitment to client care, allows her to bring a valuable, client-first mindset to every interaction.
Originally from Garden City, Paige now resides in Long Beach, NY. In her free time, she loves traveling and spending time with family & friends.
Paige earned her bachelor’s degree from the University of South Carolina in 2024, where she completed a double major in Management and Marketing at the Darla Moore School of Business. Her academic background, combined with a strong commitment to client care, allows her to bring a valuable, client-first mindset to every interaction.
Originally from Garden City, Paige now resides in Long Beach, NY. In her free time, she loves traveling and spending time with family & friends.
About Dylan Goldstein
Dylan Goldstein serves as a Registered Client Service Associate for The George Group at Morgan Stanley. He brings a strong analytical background and a commitment to client satisfaction to the team. Dylan earned his Bachelor of Science degree in Marketing with a minor in Accounting from the State University of New York at Oswego.
Prior to joining Morgan Stanley, Dylan worked at a broker-dealer where he focused on Asset Liability Management reporting for credit unions.
As a member of The George Group, Dylan is dedicated to delivering efficient, thoughtful service and contributing to the team’s mission of building long term, trusted relationships with clients.
Outside of work, Dylan enjoys watching Yankees baseball, traveling, and cooking. Originally from Merrick, NY, he now resides in Rockville Centre. Dylan is Series 7, 63 and 66 licensed.
Prior to joining Morgan Stanley, Dylan worked at a broker-dealer where he focused on Asset Liability Management reporting for credit unions.
As a member of The George Group, Dylan is dedicated to delivering efficient, thoughtful service and contributing to the team’s mission of building long term, trusted relationships with clients.
Outside of work, Dylan enjoys watching Yankees baseball, traveling, and cooking. Originally from Merrick, NY, he now resides in Rockville Centre. Dylan is Series 7, 63 and 66 licensed.
Contact Raymond George
Contact Cody George
Contact Taylor Goepfert
Contact David Lazaros
Contact Madison George
Contact Lauren George
Awards and Recognition
Forbes Best-In-State Wealth Advisors
2019-2026 Forbes Best-In- State Wealth Advisors Source: Forbes.com (Awarded 2019-2026). Data compiled by SHOOK Research LLC based 12-month time period concluding in June of year prior to the issuance of the award.
Forbes Best-In-State Wealth Management Teams
2022-2026 Forbes Best-In-State Wealth Management Teams Source: Forbes.com (Awarded 2022-2026). Data compiled by SHOOK Research LLC based on 12-month time period concluding in March of year prior to the issuance of the award.
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Wealth Management
Global Investment Office
Portfolio Insights
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Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Financial Wellness
Enhancing Financial Wellness enables your workforce to do their best work. Companies that invest in financial wellness have an opportunity to:
- Reduce employee stress,
- Improve retention and engagement, and
- Set themselves apart by offering comprehensive financial wellness benefits.
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Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
11When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
12Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
13Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.
1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
3Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
4When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should always check with their tax or legal advisor before engaging in any transaction involving 529 Plans, Education Savings Accounts and other tax-advantaged investments.
5Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan's investment options and the historical investment performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state's own Qualified Tuition Program. Investors should determine their home state's tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.
6When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
7Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
9Investing in the market entails the risk of market volatility. The value of all types of investments may increase or decrease over varying time periods. The returns on a portfolio consisting primarily of sustainable or impact investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because sustainability and impact criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
10Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
11When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
12Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
13Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
Please read the important disclosures below.
1) Morgan Stanley Wealth Management secured Money Management Institute/Barron’s Industry Awards for Wealth Manager Platform of the Year. The Wealth Manager Platform of the Year category recognizes a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and Financial Advisors. This award has been secured in 2024, 2021, 2020, 2019 & 2018. The winners were selected by a specially appointed MMI Industry Awards Steering Council. The Steering Council consists of representatives from all segments of the MMI membership. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 207 member firms were eligible to vote to determine the winners. Nominations were reviewed and evaluated to determine finalists June 2024 - July 2024. Finalists were voted on to determine a winner August 2024. MMI/Barron’s does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to MMI/Barron’s in exchange for its receipt of the award. Morgan Stanley is a member of MMI and pays a fee to MMI as part of its membership dues. Morgan Stanley’s receipt of this award is not indicative of any future performance. These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine; both groups are responsible for the award. Accolade qualifications for past years may vary; additional information available upon request.
2) Industry’s top tax-optimization technology refers to tax management capabilities developed by Eaton Vance and Parametric, affiliates of Morgan Stanley. Morgan Stanley is a leading provider of direct indexing strategies. According to Cerulli Associates’ Q1 2026 Managed Account Edition, Morgan Stanley ranked first among 15 firms in Direct Index SMA assets under management based on reported industry assets. The ranking reflects scale of assets and does not evaluate tax outcomes, performance, or quality of technology. Tax outcomes will vary and are not guaranteed.
3) The Celent Model Wealth Manager 2025 Awards for Data and Analytics and Essential and Emerging Technologies were granted to Morgan Stanley following an evaluation process conducted by Celent analysts. To be considered for this award, Morgan Stanley submitted Model Wealth Manager 2025 Nomination Award Worksheets to Celent on or about January 30, 2025. Celent judged each submission on three criteria: (1) Measurable business benefits of live initiatives; (2) degree of innovation relative to the industry; and (3) technology or implementation excellence. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. Celent does not receive compensation from the participating firms in exchange for the award and Morgan Stanley did not pay a fee to Celent in exchange for the award. Morgan Stanley is not affiliated with Celent. Based on their submission on January 30, 2025 for Celent’s 2025 Model Awards program, Celent granted Morgan Stanley their awards in June, 2025 and publicly shared the news in June, 2025. Celent is a global financial services research and advisory firm and is responsible for determining the recipient of this award.
4) Q4 2025 Securities Based Lending McLagan Survey – 6 Firm Report. Based on both Non-Purpose Lending and total SBL balances. Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss.
Not all products, tools, platforms, and services referenced are available to all clients. Please speak with your Financial Advisor for eligibility criteria.
Investing in securities involves risk, including possible loss of principal. Diversification does not guarantee a profit or protect against loss in a declining financial market.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Alternative investments are often speculative and include a high degree of risk. Investors can lose all or a substantial amount of their investment. They may be highly illiquid, can engage in leverage, short-selling and other speculative practices that may increase volatility and the risk of loss, and may be subject to large investment minimums and initial lock-ups. They may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. They may have higher fees and expenses that traditional investments, and such fees and expenses can lower the returns achieved by investors.
Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details please see the important disclosures below.
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
With the exception of a margin loan, the proceeds from securities based loan products may not be used to purchase, trade, or carry margin stock (or securities, with respect to Express CreditLine); repay margin debt that was used to purchase, trade or carry margin stock (or securities, with respect to Express CreditLine); and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
To be eligible for a securities based loan, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the securities based loan.
Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
There is no guarantee that tax-loss harvesting will achieve any particular tax result. Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor.
Industry acclaimed risk platform refers to Morgan Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk Platform. The assumptions used in the Report incorporate portfolio risk and scenario analysis employed by BlackRock Solutions (“BRS”), a financial technology and risk analytics provider that is independent of Morgan Stanley. BRS’ role is limited to providing risk analytics to Morgan Stanley, and BRS is not acting as a broker-dealer or investment adviser nor does it provide investment advice with respect to the Report. Morgan Stanley has validated and adopted the analytical conclusions of these risk models. The analysis provided is illustrative only. Morgan Stanley cannot predict a portfolio’s risk of loss due to, among other things, changing market conditions or other unanticipated circumstances. The analysis is based purely on assumptions made using available data and any of its forecasts are subject to change.
The footnotes below apply to the industry-leading claims referenced above. More information is available upon request.
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. Securities based loans are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable.
Investment, Insurance and annuity products offered through Morgan Stanley Smith Barney LLC are NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please visit us at www.morganstanley.com/wealth or consult with your Morgan Stanley Financial Advisor to read about those differences.
The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment service, or to attract any funds or deposits. Investments mentioned may not be appropriate for all clients. Before making any investment, each investor should carefully consider the risks associated with the investment, as discussed in the applicable offering memorandum and make a determination based on their own particular circumstances that the investment is consistent with their investment objectives and risk tolerance.
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CRC 4665150 (8/2025), 5378280 (5/2026)
